|Weekly News Digest
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Publishers Weekly Provides Updates on Penguin Random House
Jim Milliot writes the following in “The End of an Era at Penguin Random House” for Publishers Weekly:
News of companywide layoffs at Penguin Random House [PRH] and the disclosure of the names of a number of employees there who accepted buyout offers announced in the spring combined to make [the] week [of July 10] a difficult one for the giant trade publisher. …
The total number of people leaving PRH remains unclear. The New York Times said 60 people were laid off, but no hard figures for the buyouts have been disclosed. Media reports and industry insiders all cast the twin actions as marking a generational shift at PRH, a term some PRH executives have resisted. But given the leadership roles many of those leaving have had—combined with the prior departures of global CEO Markus Dohle, PRH US CEO Madeline McIntosh, and Gina Centrello, president and publisher of the Random House Publishing Group—it is tough to overlook the fact that a new generation is moving up into prominent positions.
For more information, read the article.
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